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Mumbai, Nov 30 (IANS): After heavy selling, it now appears that foreign institutional investors (FIIs) are likely to turn out consistent buyers when the market corrects further and valuations become attractive, market watchers said on Saturday. A perplexing feature of the recent FII activity is their highly erratic nature. For instance, in the three days from November 23-25, FIIs were buyers. But in the next two days, they again turned sellers, having sold equity for Rs 16,139 crore in the Indian market. "FII selling in November is lower than that of October. In October, the total FII selling through stock exchanges was Rs 113,858 crore. In November, this had come down to Rs 39,315 crore," an expert said. This can be partly attributed to the reduced valuations caused by the correction in the market. Earlier this week, FIIs made a substantial comeback, injecting Rs 11,100 crore into Indian equities over three sessions. This could signal renewed confidence in India's growth story amid global headwinds, providing hope for market stability in the near term, said Vikram Kasat, Head-Advisory, PL Capital-Prabhudas Lilladher. The trend of FII buying through the primary market continues. In November, FIIs bought stocks for Rs 17,704 crores through the primary market. According to experts, if we take the period up to November 29, the total FII selling for the year stands at Rs 118,620 crore. On Friday, the Indian stock market closed in green, as both the equity benchmark indices Sensex and Nifty witnessed a strong rally. Sensex closed at 79,802.79 after a gain of 759.05 points or 0.96 per cent. Nifty closed at 24,131.10 after a gain of 216.95 points or 0.91 per cent. The domestic stock market increased due to better investor sentiment and stock-specific activities. According to experts, "a large-cap-driven, broad-based rally ensued in the domestic market. Discretionary sectors performed well, benefiting from the festive season". Technically, the market remains in a consolidation phase, with little change in chart structure. "Traders are advised to avoid aggressive bets and be selective. It’s also crucial to monitor global factors closely, as they could influence market direction ahead of the weekly expiry," said Rajesh Bhosale, equity technical analyst, Angel One.
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According to eyewitness accounts, the scene was chaotic and harrowing, with people rushing down staircases, pushing past each other in a desperate bid to escape the inferno. The flames raged mercilessly, consuming everything in their path and leaving a trail of destruction in their wake.China has revealed a chilling list of US naval targets it could look to strike should to two countries engage in a future conflict, according to a bombshell new report. The "hit list" was published in the state-supervised magazine Defence Industry Conversion and reportedly includes radars, sensors, and communication equipment. The report was authored by Mo Jiaqin, an expert in electronic countermeasures for the People's Liberation Army (PLA), who claimed the army could "hack" a major US Navy communication system. It includes details on how the PLA could hack into the US Navy's Cooperative Engagement Capability (CEC) system that shares defence resources between the entire fleet. The PLA said it could attack it with fake signals and "continuous access requests" that would "overwhelm" the electronic warfare system, according to the South China Morning Post . The report claims the army could mimick the "correct signaling method" to "infiltrate the CEC network as a cooperative unit and launch attacks". Jiaqin wrote: "Continuous access requests can be made to overwhelm one of the CEC nodes with identification tasks, disrupting its operation. "[The report can] provide references for the development of electronic countermeasures technology and related equipment in China's future naval battlefields." Jiaqin also detailed the CEC's strengths and weaknesses, arguing that its use of radars can be taken advantage of by foreign actors looking to interfere . She explained: "It [the CEC] is formed through the networking of phased array radars, which relies on wireless communication links. When the opposing force employs electronic interference, the wireless links are prone to disconnection or disruption." It is not yet known why this report was published and whether it will be taken seriously by the Chinese military in the event of a future conflict.Change This, Not That: 2024 Audi SQ8 Review
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